Dreyfus International Correlations

Mutual Funds . USA . 
Fund . Dreyfus International Bond
DIBYX Fund  USD 12.98  0.09  0.70%   
The current 90-days correlation between Dreyfus International and Dana Large Cap is -0.23 (i.e., Very good diversification). The correlation of Dreyfus International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Dreyfus International Correlation With Market

Very good diversification

The correlation between Dreyfus International Bond and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus International Bond and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dreyfus International Bond. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Dreyfus Mutual Fund

  1.0DIBRX Dreyfus InternationalPairCorr
  0.92DIEYX Dreyfus InternationalPairCorr
  0.92DIERX Dreyfus InternationalPairCorr
  0.86DINIX Dreyfus InternationalPairCorr
  0.84DISRX International StockPairCorr
  0.84DISYX International StockPairCorr
  0.85SDGIX Dreyfusstandish GlobalPairCorr
  0.8DRLIX Dreyfus Global RealPairCorr

Moving against Dreyfus Mutual Fund

  0.8DLACX Dreyfus Large CapPairCorr
  0.8DLQIX Dreyfus Large CapPairCorr
  0.76SDSCX Dreyfusthe Boston PanyPairCorr
  0.75SSETX Dreyfusthe Boston PanyPairCorr
  0.75SSYGX Dreyfusthe Boston PanyPairCorr
  0.75DNLYX Dreyfus Active MidcapPairCorr
  0.75DNLRX Dreyfus Active MidcapPairCorr
  0.74DMCYX Dreyfus OpportunisticPairCorr
  0.74DMIDX Dreyfus Midcap IndexPairCorr
  0.72STSVX Dreyfusthe Boston PanyPairCorr
  0.52DLDYX Dreyfus Natural ResourcesPairCorr
  0.52DLDRX Dreyfus Natural ResourcesPairCorr
  0.34DLHRX Dreyfus High YieldPairCorr
  0.82DRYQX Dreyfus Research GrowthPairCorr
  0.8DRGYX Dreyfus Strategic ValuePairCorr
  0.8DRGVX Dreyfus Strategic ValuePairCorr
  0.77DQIYX Dreyfus Equity IncomePairCorr
  0.77DQIRX Dreyfus Equity IncomePairCorr
  0.77DRTCX The Dreyfus SustainablePairCorr
  0.76DBMYX Dreyfusthe Boston PanyPairCorr
  0.68DBORX Dreyfus Balanced OppPairCorr
  0.52DOPIX Dreyfus OpportunisticPairCorr
  0.52DSCYX Dreyfus OpportunisticPairCorr
  0.51DRRIX Dreyfus Global RealPairCorr
  0.5DRRYX Dreyfus Global RealPairCorr
  0.48AVGYX Dynamic Total ReturnPairCorr
  0.47AVGRX Dynamic Total ReturnPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus International Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Dreyfus International's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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